Ernesto Bertarelli was appointed as Seronos CEO in 1996. Management of the family's wealth is mainly through the B-Flexion,[11] which invests through its six separate specialist investment managers including such areas as Swiss real estate, and US life sciences. The new general counsel previously worked at Davis Polk & Wardwell, where as a partner he worked in the Californian and New York offices and led the private equity business. The Bertarellis sold the family's 64.5 percent stake in the company to Merck KGaA for $8.6 billion, in September 2006. Andrea Ceriani. The Bertarelli family, whichsold Serono to German Merck in 2006, is estimated to be worth north of $14 billion. Supporting girls empowerment and education is important for Dona Bertarelli, and she is a founding patron of Womanity Foundation, which works to accelerate gender equality through innovative investments. Nominees are voted on by foodies & industry professionals alike. Asset management operating margins rose to 35% during 2020 according to Casey Quirk, but success is increasingly concentrated on a smaller number of managers and winning clients has become a protracted business. That same year, Fabio Bertarelli, ill with cancer, handed over control of the company to his 31-year-old son, Ernesto. He moved the business -- and his family -- to Geneva in 1977. The executive joins from Fidelity International. Although the team narrowly missed beating the record, Dona became the fastest woman to sail around the world. [2] According to Bloomberg Billionaires Index, Bertarelli and family has an estimated net worth of $20.2 billion, as of 16 April 2021. It invests in high quality single-purpose asset management firms. "We're looking at about 30% growth per annum in assets, with particular interest from families in the 10 million to 30 million bracket," says Andrew Wheeler, executive director at Unigestion. We make this possible by delivering clinical . Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. At the centre of the reception area of Swiss entrepreneur and philanthropist Ernesto Bertarelli's London office stands a large mirror-finish stainless-steel globe. Changing the company's focus from pharmaceuticals to biotechnology, revenues increased from $809 million in 1996 to $2.8 billion in 2006. Get the latest stories as they happen: Free e-mail alerts from finews.com. The family are, at heart, entrepreneurs and - very much encouraged by the approach of Fabio Bertarelli, Ernesto and Dona's father - believe in a culture of the possible. [28], In recognition of his success, in 2003 Bertarelli was named Chevalier de la Lgion d'honneur[29] by French President Jacques Chirac, and was given the Cavaliere di Gran Croce by Carlo Azeglio Ciampi, President of the Italian Republic. Who is the Most Active Swiss Family Office Dealmaker? Today, the foundation strives to implement real change in marine science and conservation; life science research; and support for local communities. B-FLEXION was founded and is chaired by Ernesto Bertarelli, whose family, over the course of three generations, built Serono into a global pharmaceutical and biotechnology business. ekaterina_pesheva@hms.harvard.edu Office: 617-432-0441. Ernesto Bertarelli drew from his experience taking over the reins of the Switzerland-based biotech Serono from his father when helping launch and expand this family entrepreneurship institute. Before, Cyrus Jilla worked for Schroders and Bain & Co. Northill is a rather special investment vehicle of the Bertarelli single family office. Check Deal Data, Senior Staff, and New Analysis on more than 1000 family/principal investment and holding groups. It agreed in March 2019 to take allergy medicine manufacturer Stallergenes Greer private and in April 2022 agreed to sell health-care services firm Affidea for about $1 billion. Typically, Alderwood would buy into general partnerships in charge of managing their firms. Also interesting is Beratrellis biotech investment firm Gurnet Point Capital, which was a major investor in 2015 founded Boston Pharmaceuticals. A family office allows a family to have all personal information in one secure place and accessible by only a limited number of people. Model and songwriter Kirsty Bertarelli, 53, secretly divorced her billionaire husband after 21 years together . As chair for much of the first ten years of the foundation, Dona Bertarelli led the Bertarelli Foundations early work to improve the publics understanding of infertility and sterility, through international conferences bringing together leading researchers, reproductive health experts, patients and patient advocacy organisations, as well as support and advocacy for scientific studies, and dedicated websites. It is mandatory to procure user consent prior to running these cookies on your website. In 2007, she received a large sum of money when the company was sold for $13 billion. The newspaper says she has agreed to a roughly $450-5oo million dollar divorce payment, with the settlement including a villa on Lake Geneva and a chalet in Gstaad as well. One of Northills portfolio companies is Virginia-based Strategic Investment Group which is an Outsourced Chief Investment Officer industry pioneer. Mrs Bertarelli is now richer than pop superstars Sir Mick Jagger, said to be worth 310million, Ed Sheeran (220million . converted to U.S. dollars at current exchange rates Read [12], These businesses include Kedge Capital, an investment management group specialising in hedge funds, private equity and real estate; Northill Capital, an asset management business; a UK real estate investment fund, Crosstree; and Gurnet Point Capital, a fund based in Boston that invests in healthcare and life science business. Ernesto Silvio Maurizio Bertarelli (born 22 September 1965) is an Italian-born Swiss billionaire businessman and philanthropist.. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Dona Bertarelli. Spindrift is donating all its royalties from the book to the lifeboat station at Auray, La Trinit-sur-Mer. Kedge Capital has been active since 2002 and specialises in risk-controlled investing in financial markets, including Hedge Funds and Private Equity. Among Dona Bertarellis other philanthropic activities, she supports several initiatives focused on the ocean, and she is part of a community of advocates, the World Economic Forums Friends of Ocean Action. She is co-president of the Bertarelli Foundation and also owns the Grand Hotel Park in Gstaad, Switzerland. For its acquisition spree, Alderwood is likely to need firepower of between $1 billion and $2 billion. Ernesto and Dona co-chair the Bertarelli Foundation, which focuses on marine conservation and life sciences research. Claire Wrathall talks to the philanthropist about his desire to save the oceans by building bridges. This photographic essay invites readers on a journey of emotions and marine odysseys. Can Credit Suisse Really Put its House in Order? Waypoint said it appointed Gordon McNair as its Chief Financial Officer, effective early 2017. He later spent several years as an Executive Board Member of De Beers Group SA, at the time a family-led business. Dona Bertarelli has won prestigious races and broken records both inshore and offshore, winning the Bol dOr Mirabaud in 2010 and 2014. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. This category only includes cookies that ensures basic functionalities and security features of the website. With offices in Geneva, London, Jersey, Boston and Luxembourg, Waypoint operates . Ahead of Saturdays vital La Liga clash at Anoeta, FC Barcelona coach Ernesto Valverde has spoken on a wide range of topics including his sides opposition, Real Sociedad, El Clasico, Arthur and the rise of Ansu Fati. Forestay Capital, the digital tech arm of the Bertarelli family office, appointed a new director specialized in emerging tech investments. Managing Partner of their London office. The Bombardier Global 7500 is a long-range business jet produced by Canadian aircraft manufacturer . B-FLEXION is a private, entrepreneurial investment firm, partnering with sophisticated capital to meet the shared goal of delivering exceptional value over the generations, while also contributing positively to society. Private Equity, The Worlds Top 750 Family Businesses Ranking, Paul Allen created one of the worlds most dynamic private investment offices, World Economic Forum appoints new head of its family business community, The new multi-family office the family-backed investment fund, Family office backs private debt group in decarbonisation efforts. As an investor, with assets in hospitality and real estate, she focuses on long-term value creation. Their history is that of a family of entrepreneurs and Waypoint and its diversified range of business interests reflects that spirit. In 2012, the Ledunfly family office was established to serve the personal business interests and philanthropic activities of Dona Bertarelli, her husband, Yann Guichard, and her three children, while shared Bertarelli family assets continue to be managed by B-Flexion, led by her brother, Ernesto. Family Capital: registered office - 7175 Shelton Street, Covent Garden, London WC2H 9JQ United Kingdom. Swiss biotech executive, entrepreneur, and philanthropist Ernesto Bertarelli (MBA 1993) has pledged $75 million to advance basic scientific discovery, therapeutic science, and a culture of entrepreneurship at Harvard Medical School.. The index is a dynamic measure of personal wealth based on changes in markets, the economy and Besides Northill, the Bertarelli family office also invests in real estate and venture capital through different subsidiaries. Ernesto Bertarelli's family established the Bertarelli Foundation to provide crucial support for innovative science. Prior to Alderwood, Little built Northill Capital for Bertarelli from scratch in 2010 by buying majority stakes in investment managers which took Northills assets to $90 billion when Little left ten years later. UBS and Campden surveyed 264 family offices that, on average, manage assets of $921m. In 2019, she became a Goodwill Ambassador for #TOGETHERBAND, raising awareness for United Nations Sustainable Development Goal 14: Life Below Water, a campaign which matched her commitment to the ocean as well as to the wider United Nations Global Goals. This website uses cookies to improve your experience while you navigate through the website. Bertarelli was the primary helmsman of his boat Alinghi 5, which lost both races against the challenger USA 17 by a considerable margin. We are grateful our over-the-top service & unique products continue . Dans ce livre post confinement, Elsa Floret, journaliste et auteur genevoise, sinterroge sur la place, le rle, le sens et la responsabilit individuelle de ltre humain ce mammifre qui a oubli quil tait de passage sur la Terre. Related by financial asset: Santhera Pharmaceuticals. Each in Ernesto Valverde's bad books at various points of his terminated two-and-a-half year reign, who was the biggest disappointment to their coach at FC Barcelona? The family's fortune - which is estimated at $18.1BN - is mainly managed through Waypoint. That strategy -- getting together a team of experienced pros to help him do things himself -- was already a successful one for Mr. Bertarelli, who set up a private office to handle his family's $5 . When former Miss UK Kirsty Bertarelli (ne Roper) tied the knot with Swiss billionaire Ernesto Bertarelli, in 2000 she shot up the list of the wealthiest women in Britain and landed at the top spot. Dona Bertarelli is co-chair of the Bertarelli Foundation, alongside her brother, Ernesto. Waypoint Capital, which manages the wealthy Swiss family's investments, is appointingRandy Castlemanto the board of its subsidiary, Forestay Capital, the vehicle said in an emailed statement on Tuesday. Previously, he co-founded Court Square,a venture capital firm specialized in technology. He managed to triple Seronos revenues to $2.8BN. 2,403 followers. Cyrus Jilla will be the CEO of Northill Capital, a subsidiary of Waypoint Capital. By proceeding beyond the homepage you agree to the terms and conditions of the Legal Notice. Access to the most comprehensive fully interactive database on global family offices, principal investment offices, and family enterprises. His key lieutenants include partner Chris Berryman, founder of Just Retirement, who has been involved in acquisitions. Bachelor of Arts/Science, Babson College; Master of Business Administration, Harvard University. Family Office Jobs Wellfield Partners was established in April 2009 by Gary Vocat, Kevin . Sister of Ernesto Bertarelli, who features higher up the list, Dona Bertarelli was the executive director of public and professional affairs at her family's biotech company Serono in the 1990s. Kirsty, Ernesto's wife, is a former Miss UK and a singer-songwriter; she co-wrote a chart-topping song for a British girl group. These cookies do not store any personal information. The Bertarelli's wealth is estimated to be about $12 billion and they ranked 14th on the 2021Sunday TimesRich List. More on this News . In calculating net worth, Bloomberg News strives to provide the most transparent calculations available, Reflects change since 5 pm ET of prior trading day. She believes strongly in the power of business to do good for society, and drove the development of the family pharmaceutical business Seronos philanthropy and educational programmes, when she served as Executive Director, Public and Professional Affairs from 1992 to 1997. Christopher Cannon, Dean Halford, Brittany Harris and Julian Burgess, of the total wealth of the 500 richest people in the world, of the top 200 U.S. executives total awarded compensation. Growth has been brisk. Designed by Interconnect. He expanded the company and grew its revenues with his sister Dona Bertarelli, after which it was then sold to Germany's Merck in 2007 for more than $13 billion. This field is for validation purposes and should be left unchanged. Exclusive access to family/private investment office deal information; Exclusive interviews with principals and senior management . . Bertarelli and his family sold the company to Merck KGaA of Germany in January 2007[7] for US$13.3 billion, forming the new company Merck-Serono. Bertarelli has given Jilla a big role at Waypoint Capital, his family enterprise, whose other interests include real estate and the Gurnet Point life science fund. Register for free articles or subscribe for full access. Cami will report to Waypoint Chairman Ernesto Bertarelli and . His family split an estimated $9 billion stake at that time, which added to previous share sales when the company floated on the NY stock market in 2000, which is now invested mainly through his B-Flexion (formerly Waypoint Capital)[8] investment vehicle. Ernesto Bertarelli has also enjoyed success in sailing with Team Allingi, which has won the America's Cup twice. In the same year, the couple became Patrons of Nature of the International Union for Conservation of Nature (IUCN), joining an international group of conservation, business and philanthropy leaders, who support IUCNs mission to make our planet a safe and healthier home for all. The Bertarelli family still operates the adjacent farm, which produces hay and corn. Serono sold additional shares on the New York Stock Exchange in 2000, for $1.8 billion. As a natural progression in ocean conservation, she is now advocating for the connectivity of marine protected areas, to help conserve key migratory species and entire marine ecosystems, for the benefit of the communities which rely on the ocean for their livelihoods. The Bertarelli family was involved with Serono going back three generations and the analysis assumes that the family has no partners. The gift will set in motion plans to transform the outdoor courtyard of Building C into an expansive, skylighted atrium that will serve as convening and collaboration space . The company gained fame from its discovery of a natural hormone used in the treatment of female infertility, and its treatments for multiple sclerosis and growth hormone deficiency. To contact B-FLEXION, please fill out this form. Neuroengineering program is focus. Shamrock Capital Advisors has invested in Boardwalk Pictures, a media and entertainment group, Scottish family office Souter Investments has invested in Amey, one of the best-known brands in the UK construction sector, as part of a syndicate that bought the business from family business Ferrovial, Telling the difference between fakes and reality has never been more challenging. Contacts: Northill Capital Northill Capital is an independent, privately held asset management business, established in London in 2010, with substantial financial backing from interests associated with the Bertarelli Family. The Bertarelli Foundation was founded in 1998 by Maria Iris, Dona and Ernesto Bertarelli in memory of Fabio Bertarelli, who in the 1970s brought Serono, his family's business, to Switzerland and helped lead the development of the life science sector in the Lake Geneva region.